IBOV 186,885.49 ▲ 0.29% IPSA 10,881.28 ▼ 0.80% IPC MEX 64,214.36 ▼ 1.38% MERVAL 2,758,678 ▼ 2.15% COLCAP 2,517.56 ▼ 1.24% BVL PERÚ 59,831.84 ▼ 0.06% USD/BRL5.22▲ 0.88% USD/MXN18.28▲ 1.19% USD/CLP984.00▲ 1.18% USD/COP3,307▼ 0.79% USD/PEN3.45▲ 0.54% USD/ARS1,524▼ 0.05% USD/UYU40.29▲ 3.66% USD/PYG5,804▲ 1.99% USD/BOB11.94▲ 2.03% USD/DOP59.40▲ 3.01% USD/CRC453.80▲ 2.74% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.24% USD/NIO36.62▲ 2.66% USD/VES858.02▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.81% EUR/BRL5.87▼ 0.48% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,885.49 ▲ 0.29% IPSA 10,881.28 ▼ 0.80% IPC MEX 64,214.36 ▼ 1.38% MERVAL 2,758,678 ▼ 2.15% COLCAP 2,517.56 ▼ 1.24% BVL PERÚ 59,831.84 ▼ 0.06% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Thursday, October 1, 2026

Africa Africa Markets & Investment

African Pulse for Thursday, October 1, 2026

By · October 1, 2026 · 7 min read

Africa Intelligence

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Rio Times · Africa

Key Facts

—North Africa Algeria’s lower house votes to restore executions, while Morocco’s first woman head of government seeks a majority.

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—West Africa Nigeria turns 66 with a speech about prosperity, and public-sector unions answer with a three-day warning strike from Friday.

—East Africa Ethiopia expels 10 Eritrean diplomats and Eritrea cuts all diplomatic ties, a day after blasts in Addis Ababa.

—Central Africa Cameroon marks 65 years since reunification, with its English-speaking regions still unsettled.

—Southern Africa Zimbabwe mourns tycoon Wicknell Chivayo, Zambia’s pump prices rise about 24% and Bafana Bafana win 5–0.

—Markets Cairo rebounds 2.24%, the rand loses 1.5% and Lagos stays shut for the holiday.

Africa feels strained and short-tempered today, as leaders promise order and repair while citizens count what fuel, pay and conflict are costing them.

The African Renaissance Monument in Dakar, Senegal, against a blue sky.
File photo: the African Renaissance Monument in Dakar, Senegal. The day across Africa at a glance.
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Instrument Level Session
EGX30 (Egypt) 53,055.03 +2.24%
Satrix 40 ETF (JSE Top 40 tracker) R101.94 -0.98%
NSE All Share, NASI (Kenya) 246.82 +0.50%
MASI (Morocco) 17,579.17 -0.87%
NGX All-Share (Nigeria) 251,211.67 closed
USD/ZAR 16.6690 +1.50%
USD/EGP 52.27 +0.44%
USD/MAD 9.8083 +0.96%

Source: RT live market data (RT), Thursday 1 October 2026; currency pairs are late-session quotes, and a rise means a weaker local currency. MASI official Casablanca Stock Exchange close; NASI official Nairobi Securities Exchange statistics. NGX All-Share shows the Wednesday 30 September close; the exchange was shut for Independence Day.

The Continent’s Mood Today

The pulse of Africa on the first day of October is strained. Ethiopia and Eritrea broke off diplomatic relations, Nigerian unions answered an upbeat Independence Day speech with a strike call, and Zambians woke up to fuel about 24% dearer.

Governments spoke the language of order and repair. Abuja promised prosperity, Algiers voted to bring back executions and Rabat is still building a coalition around Morocco’s first woman head of government.

The mood is not panic, but impatience. Across the continent people are adding up what the day costs them, while their leaders ask for more time.

North Africa – Order First

Algeria chose the hard line. On Thursday the National People’s Assembly, the lower house, adopted a Penal Code reform that allows death sentences to be carried out again for deliberate arson, for sabotage linked to treason or organised crime, and for child abduction.

The reform follows deadly forest fires at the end of August. The Council of the Nation, the upper house, must still approve it. Algeria has not carried out an execution since 1993, although the death penalty stayed in the code.

Morocco is in a different mood: cautious hope. King Mohammed VI named Fatima Ezzahra El Mansouri of the Authenticity and Modernity Party (PAM) head of government on Tuesday, the first woman in the post. Her party won 97 of 395 seats, so she needs partners to reach the 198 required for a majority.

In practice, a foreigner doing business in North Africa should expect governments to put security and political control first in the weeks ahead.

West Africa – Sixty-Six and Impatient

Nigeria marked 66 years of independence with a public holiday. In his broadcast, President Bola Tinubu argued that the hardest phase of his reforms is behind the country. “The emergency treatment is over,” he said, and named the cost of living as his next priority.

Labour had already set out a darker reading. In a statement on Wednesday, the Nigeria Labour Congress (NLC) warned of “a full-scale survival crisis”, with petrol at ₦1,430 a litre or more in major cities, about US$1.08 at Thursday’s rate.

Hours later the Joint National Public Service Negotiating Council (JNPSNC), which groups eight public-sector unions, called a three-day nationwide warning strike from Friday 2 to Sunday 4 October. Its secretary, Olowoyo Gbenga, said the speech ignored their demands on petrol prices, a wage award and new minimum-wage talks.

In practice, anyone who needs a Nigerian government office, permit or hospital service should expect disruption from Friday, and markets reopen the same day.

East Africa – A Border Turns Cold

The Horn of Africa had the darkest day. Ethiopia’s Foreign Ministry said on Thursday it would close its embassy in Asmara and declared 10 Eritrean diplomats persona non grata, giving them 48 hours to leave.

Eritrea replied within hours. Its foreign ministry said it had “no option but to reciprocate in kind and sever all diplomatic ties with Ethiopia”. Addis Ababa accuses Asmara of backing the armed opposition fighting in northern Ethiopia since last week, which Eritrea denies.

Fear has reached the capital. Blasts were heard in Addis Ababa on Wednesday night, hours after the security services banned drone flights over the city. The cause was not clear.

Elsewhere the region is busy with rules and prices. In Kenya, annual inflation rose to 6.8% in September, the highest since January 2024, the statistics bureau said on Wednesday.

In practice, travellers to northern Ethiopia or the Eritrean border should follow their embassy’s advice closely, and expect consular services between the two countries to stop.

Central Africa – An Anniversary With Old Wounds

Cameroon marked the 65th anniversary of reunification on Thursday. On 1 October 1961 the British-administered Southern Cameroons joined the French-speaking republic.

The date is sensitive. Separatist fighting in the two English-speaking regions, the Northwest and Southwest, has not ended. The mood is sombre and inward-looking rather than festive.

In practice, a foreigner planning road travel in Cameroon’s Northwest and Southwest regions should still check local security advice first.

Southern Africa – Grief at the Top, Pain at the Pump

Zimbabwe is in shock. Businessman Wicknell Chivayo, a contractor close to the ruling elite, died with his wife when their helicopter crashed near Marondera on Wednesday afternoon. President Emmerson Mnangagwa said the nation was left “numbed and in deep shock and grief”.

Zambia feels the cost. The Energy Regulation Board raised petrol from K25.29 to K31.46 a litre and diesel from K26.86 to K33.27 after a six-month tax relief ended. That is a rise of about 24%, taking a litre of petrol to about US$1.60 at Thursday’s rate of 19.62 kwacha per dollar.

South Africa has reasons to smile. Bafana Bafana beat Eritrea 5–0 in Cairo on Wednesday in a qualifier for the 2027 Africa Cup of Nations. Factories also returned to growth, with the Absa purchasing managers’ index (PMI) rising to 50.7 in September; any reading above 50 signals expansion.

In practice, a visitor driving in Zambia this month should budget for fuel about a quarter dearer than in September, with value-added tax due back on fuel on 1 December.

Thursday’s Data, One by One

Markets, briefly: Egypt’s EGX30 rose 2.24% to 53,055.03 after nine losing sessions; Johannesburg’s Satrix 40 Top 40 tracker fell 0.98% as the rand weakened 1.5% to about 16.67 per US dollar; Nairobi’s NASI rose 0.50%; Casablanca’s MASI fell 0.87%. The Nigerian Exchange was closed. Our evening Africa market wraps for Egypt, South Africa, Kenya and Morocco carry the detail.

South Africa, Absa PMI (September): 50.7, up from 45.8 in August (Absa). New vehicle sales (September): 61,645 units, up 12.7% year on year; exports down 18.8% (naamsa).

Zambia, fuel prices (October): petrol K31.46, diesel K33.27 a litre (Energy Regulation Board). Kenya, inflation (September): 6.8% year on year (Kenya National Bureau of Statistics).

Friday: the Nigerian Exchange reopens and the JNPSNC warning strike begins.

The Shared Mood

The shared mood is impatience under official optimism. From Abuja to Lusaka, governments ask citizens to trust reforms whose bills arrive first, while Algiers and Addis Ababa answer pressure with a harder line.

The through-line is the gap between the promise of stability and the cost of getting there. What steadies the picture is South Africa’s factory rebound and Cairo’s market relief; what could tip it is a wider war in the Horn of Africa.

For a foreigner living or working in Africa, the practical read is simple: watch fuel prices and union calendars as closely as the headlines. Friday’s strike in Nigeria is the next test.

Frequently Asked Questions

What happened between Ethiopia and Eritrea on 1 October 2026?

Ethiopia said it would close its embassy in Asmara and expelled 10 Eritrean diplomats with 48 hours to leave. Eritrea then said it would sever all diplomatic ties with Ethiopia.

Why are Nigerian public servants going on strike?

The JNPSNC says President Tinubu’s Independence Day speech ignored its demands on petrol prices, a wage award and new minimum-wage talks. The warning strike runs from Friday 2 to Sunday 4 October. See our Nigeria coverage.

How much did fuel prices rise in Zambia?

Petrol rose from K25.29 to K31.46 a litre and diesel from K26.86 to K33.27, about 24%, after a six-month tax relief ended.

Is Algeria bringing back the death penalty?

The lower house voted on 1 October to allow executions again for deliberate arson, certain acts of sabotage and child abduction. The upper house must still approve the reform, and Algeria has carried out no execution since 1993.

Sources: Fana (Ethiopian Foreign Ministry statement), BusinessDay, TSA, Algérie Eco, France 24, The Guardian Nigeria, Naija News, Legit.ng, TimesLIVE, Lusaka Times, SAFA, Absa PMI release, naamsa, KNBS; market data from RT live market data (RT), the Casablanca Stock Exchange and the Nairobi Securities Exchange.

Connected Coverage

Zimbabwe: Helicopter Crash Near Marondera, Tycoon Wicknell Chivayo Reported Among the Dead

Kenya Inflation Hits 6.8 Per Cent, Highest Since 2024, as Food Costs Bite

South Africa Vehicle Sales Rise 12.7% in September to 61,645 Units as Exports Fall

Zambia Opens Talks With IMF on New Loan After US$1.7 Billion Deal Ended

Who Is Abdelmadjid Tebboune? Algeria’s President, His Power Base and What Comes Next

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